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Scania issues prospectus for Ainax offer

A complete prospectus has now been issued regarding the public offer to Ainax shareholders decided at Scania’s Extra General Meeting on 19 November 2004. It describes the background and reasons for the offer and states the conditions and directions how to accept the offer. The prospectus is available on Scania's homepage , via Handelsbanken and the OMX Nordic Exchange Stockholm AB and will be sent to Ainax shareholders early in January 2005.

The acceptance period for the offer is from 12 January 2005 until 15 February. Payment will be received in the form of Series A shares in Scania on or about March 1, 2005.

For further information, please contact:

• Eric Österberg, Vice President Corporate Relations, tel. +46 8 553 858 83

This Offer is not directed to shareholders in the United States of America, Australia, Canada or Japan or to any other person whose participation requires an additional prospectus, registration or measures other than those required by Swedish law.

The press release may not be distributed or released in any country in which distribution or the Offer requires measures as stated in the preceding paragraph or is in contravention of the rules in such a country.

This announcement is a translation of the Swedish announcement and in the event of any difference between the two, the Swedish announcement will prevail.

Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. With 29,100 employees and production facilities in Europe and Latin America, Scania is one of the most profitable companies in its sector. In 2003, sales totalled SEK 50.5 billion and income after financial items was SEK 4.6 billion. Scania products are marketed in about 100 countries worldwide and some 95 percent of Scania’s vehicles are sold outside Sweden.

[N04047EN] Eric Österberg

Read the complete Prospectus>>

Swedish version>>